Defect Of Record


DEFINITION of 'Defect Of Record'

A public record outlining any encumbrance on a piece of property, such as a lien, mortgage or easement. An encumbrance refers to a claim or restriction on a certain property that can prevent the transfer of the title.

BREAKING DOWN 'Defect Of Record'

Because the defect of record is available to the public, potential homeowners should check to see if the property they are looking has any outstanding debt or legal claims on it. A homeowner may also want to view the defect of record to see if it is clear, especially if the homeowner wants to place the property on the market.

  1. Real Estate

    Land plus anything on it, including buildings and natural resources.
  2. Easement In Gross

    An easement that attaches a particular right to an individual ...
  3. Easement

    The right of one party to use the property of another party. ...
  4. Lien

    The legal right of a creditor to sell the collateral property ...
  5. Tax Lien

    A legal claim by a government entity against a noncompliant taxpayer's ...
  6. Property

    1. Anything over which a person or business has legal title. ...
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